Open/Close Menu Policy and regulation. The institutions listed below are regulated by APRA in accordance with the Banking Act. Dubai Financial Services Authority: United Kingdom: Bank of England Prudential Regulation Authority The Financial Conduct Authority: United States: Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation DC New York State Department of Financial Services Office of the Comptroller of the â¦ A list of institutions covered under the Financial Claims Scheme is available on their website.. The Australian Prudential Regulation Authority (APRA) is an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability in Australia. The Office of the Superintendent of Financial Institutionsâ (OSFI) website has a list of federally regulated financial institutions.. FCAC also supervises payment card network operators to determine whether they are in compliance with the provisions of the Payment Card Networks Act and the elements of the Code of Conduct for â¦ Tindall Riley (Britanniaâ¦ Learn more about APRA's role Learn more about APRA's Corporate Plan The Prudential Regulation Authority (link is external) (PRA) is the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms. Note: Terms used in this Part have the same meaning as in the Actâsee subsection 5-1(1) of this determination. Step 1 - Early contact with APRA; Step 2 - Lodging an application; Step 3 - Assessment; Step 4 - Post licensing; APRA's licensing process - frequently asked questions; Open/Close Menu Industry â¦ The Prudential Regulation Authority (PRA) is a part of the Bank of England and responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. Tindall Riley & Co Limited Company No. In total the PRA â¦ Updated 30 November 2020 It sets standards and supervises financial institutions at the level of the individual firm. The key requirements of this Prudential Standard CPS 234 are that an APRA-regulated entity must ensure: Accountability and responsibility the information security-related roles and responsibilities must be clearly defined throughout an organisation's hierarchy - from governing bodies, the Board, senior â¦ 8451968. Two agencies either regulate an activity regardless of the type of institution that engages in it or provide prudential regulation â¦ Prudential policy; Regulation impact statements; Open/Close Menu APRA's licensing process. As a prudential regulator, it has a general objective to promote the safety and soundness of the firms it regulates. Authorisation is only granted when, and if, the entity concerned complies with all the relevant requirements and standards which set out, among other things, how firms should treat you and what sort of information they should give you. Only regulated entities are authorised to provide financial services in or from Malta. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (FRN: 202047). The entities listed in the coordinating forum category are made up of the other financial regulators with related duties or functions and facilitate communication and coordination among member agencies. Part 2â Australian Prudential Regulation Authority (Commonwealth costs) 2â1 Definitions (1) In this Part: the Act means the Australian Prudential Regulation Authority Act 1998.